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step 1; take out MASSIVE short position on coin. step 2; start your fleet of GPUs on a secret 51% attack. ... step n; profit.
by anonporridge 4y ago
step 1; take out MASSIVE short position on coin.
step 2; start your fleet of GPUs on a secret 51% attack.
...
step n; profit.
- Aperocky 4y ago> step 1; take out MASSIVE short position on coin. You'll need to find a broker which both have and are willing to borrow that many coins for the coin you're about to attack.
- majewsky 4y agoWhat if you spread it out across different brokers? How much communication is going on there? With traditional stocks, short positions have a certain amount of transparency because of regulation as far as I know, but I imagine such regulation does not exist for cryptocurrencies.
- Aperocky 4y agoregulation doesn't exist, nor does the desired broker.